Bala sold an article for #6,900.00 and made a profit of 1...
Bala sold an article for #6,900.00 and made a profit of 15%. Calculate his percentage profit if he had sold it for N6,600.00.
5%
10%
12%
13%
Correct answer is B
15 = (6,900−C.P×100C.P)
15 C.P = 690000 - C.P 100
C.P = 690000115
C.P = N6,000
%profit = 6,600−6,0006,000 x 100
= 6006,000 x 100
= 10%